195
195
Dec 2, 2012
12/12
by
CNNW
tv
eye 195
favorite 0
quote 1
how can we make the economy grow, if the economy grows faster, then we don't need to cut as much and we don't need as much revenue. the growth of the economy is in a way the fuzziest of all these things, because you don't know how fast, you can have estimates, you do have, the birth in the hand is you know you can bring in more revenue if you raise taxes on the wealthiest americans. you know you can save money if you cut entitlements. the question is how far do we want to go down the road of solving the problem. some people may say, we don't have to get all the way, as long as we make progress and we show to americans that you guys are in good hands with us, because at least we're going in the right direction, right now we can't even say that. >> right, so really that's what the wild card is, and what's so interesting, is you know, all of these things have a price tag. you raise taxes on the top 2%. you get x billions or 1.trillion of new money. if you cut you get this much. so there's really a laundry list of prices that each side is willing to agree on. do you think they're going t
how can we make the economy grow, if the economy grows faster, then we don't need to cut as much and we don't need as much revenue. the growth of the economy is in a way the fuzziest of all these things, because you don't know how fast, you can have estimates, you do have, the birth in the hand is you know you can bring in more revenue if you raise taxes on the wealthiest americans. you know you can save money if you cut entitlements. the question is how far do we want to go down the road of...
193
193
Dec 4, 2012
12/12
by
CNNW
tv
eye 193
favorite 0
quote 0
economy about $1 billion. is wr? >> reporter: well, what's wrong the clerical union, folks striking there behind me, blocked several terminals here at ports of los angeles and long beach. it is a massive operation here nearly ahalf trillion in goods come through every year, it's huge. 40 ship affected. several and berthed here. several turned away. others awaiting in the ocean. we understand there is a press conference with the mayor, dramatic negotiations finally going on on this. they hadn't been talking for some type. mayor villaraigosa coming in from overseas trip last night, 10:30, 11:00 pacific time, went straight to negotiations not far from here. he's been there all night long on their backs and he's doing a press conference in 25 minutes or so. that probably means there is a deal at hand. >> a billion dollars a day, i hope they're bringing out all of the stops at this point. if you're out there, check one of those carriers and see if perhaps my ninjago is there for my kid. it's going to drive me crazy. >> re
economy about $1 billion. is wr? >> reporter: well, what's wrong the clerical union, folks striking there behind me, blocked several terminals here at ports of los angeles and long beach. it is a massive operation here nearly ahalf trillion in goods come through every year, it's huge. 40 ship affected. several and berthed here. several turned away. others awaiting in the ocean. we understand there is a press conference with the mayor, dramatic negotiations finally going on on this. they...
506
506
Nov 29, 2012
11/12
by
CNNW
tv
eye 506
favorite 0
quote 0
that helps our economy. home building and strong corporate profits, that also helped our economy. but here's the thing. when you dig deeper in the report, past that headline number of 2.7%, you know, it's not all it's cracked up to be. businesses built up bigger inventories of their products last quarter. that helps the economy now, but the thing is, it means next quarter these businesses may not buy as much. also, this increase in inventory may be because these products are just piling up and no one is buying them. also, corporate america isn't spending much on much else. computer and equipment purchases, they're down because they're not sure where the economy is headed. and consumers aren't spending as much as first estimated, either. so there's a little good, there's a little kind of bad in the report, carol. >> yeah. i was going to ask you, what does this all mean as far as the fiscal cliff goes, anything? >> reporter: you know this. the fiscal cliff is going to have a huge impact on the economy. in fact, a big european economic group this week dialed back its estimates for u.
that helps our economy. home building and strong corporate profits, that also helped our economy. but here's the thing. when you dig deeper in the report, past that headline number of 2.7%, you know, it's not all it's cracked up to be. businesses built up bigger inventories of their products last quarter. that helps the economy now, but the thing is, it means next quarter these businesses may not buy as much. also, this increase in inventory may be because these products are just piling up and...
226
226
Dec 5, 2012
12/12
by
CNNW
tv
eye 226
favorite 0
quote 0
obviously globally the economy is still soft. europe is going to be in the dulldrums for quite some time and i think what all of you recognize and many of you have told me is that everybody is looking to america. because they understand that if we're able to put forward a long-term agenda for growth and prosperity that's broad-based here in the united states, then confidence will not just increase here in the united states, it will increase globally and we can get the kind of virtuous cycle that we all want to see. what is holding us back right now, ironically, is a lot of stuff that's going on in this town and i know that many of you have come down here to try to see, is there a way that we can break through the log jam and go ahead and get things done. and i'm here to tell you that nobody wants to get this done more than me. i know that you've got a lot of briefings but let me just try to describe where the situation is right now with respect to our fiscal situation, both what the opportunities are but what also the challenges
obviously globally the economy is still soft. europe is going to be in the dulldrums for quite some time and i think what all of you recognize and many of you have told me is that everybody is looking to america. because they understand that if we're able to put forward a long-term agenda for growth and prosperity that's broad-based here in the united states, then confidence will not just increase here in the united states, it will increase globally and we can get the kind of virtuous cycle...
181
181
Nov 28, 2012
11/12
by
CNNW
tv
eye 181
favorite 0
quote 0
and to strengthen this economy. we should take action before the end of the year and we should make some decisions and we should set ourselves on the path to serious deficit reduction. and we can do that. we need to just be able to work together to make that happen. >> congresswoman allyson schwartz, thank you very much. >>> coming up next, susan rice, once again, comes face to face with several republicans, and one senator in particular said she would make a better politician than a diplomat. >>> the economy, not great, but americans are still buying up their powerball tickets. why? because it is the biggest powerball jackpot in history and it just got bigger. let's say you want to get ahead in your career. how do you get from here... to here? at university of phoenix we're moving career planning forward so you can start figuring that out sooner. ln fact, by thinking about where want your education to lead, while you're still in school, you might find the best route... leads somewhere you weren't even looking. let'
and to strengthen this economy. we should take action before the end of the year and we should make some decisions and we should set ourselves on the path to serious deficit reduction. and we can do that. we need to just be able to work together to make that happen. >> congresswoman allyson schwartz, thank you very much. >>> coming up next, susan rice, once again, comes face to face with several republicans, and one senator in particular said she would make a better politician...
217
217
Nov 29, 2012
11/12
by
CNNW
tv
eye 217
favorite 0
quote 0
listen, going off the fiscal cliff will hurt our economy and will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester, and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms, it's going to be impossible to address our country's debt crisis. and get our economy going again and to create jobs. so right now, all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. it's time for the president, congressional democrats, to tell the american people what spending cuts they're really willing to make. with that i'll take a few questions. >> speaker boehner, why will you not tell democrats what specific spending cuts you would like to see, especially within en titlements? >> it's been very clear over the last year-and-a-half, i've talked t
listen, going off the fiscal cliff will hurt our economy and will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester, and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms, it's going to...
232
232
Dec 6, 2012
12/12
by
CNNW
tv
eye 232
favorite 0
quote 0
-- have such a forceful impact on the economy. that is a political decision more than it's an economic discussion right now. >> peter, i'm going to give you the last word. >> it's really a political issue. this is not the right time to be cutting. maybe another six months. however, the president sees this as an opportunity to get the cuts in ways that he likes best because he won the election. fair enough. so the president sees a political opportunity. i think there's some danger here by not just renewing all these tax cuts and sitting down and talking about tax reform and spending cuts by midyear, that there's a real danger that we could tumble the economy. >> all right. peter, ali, thank you so much. we'll be waiting. obviously, days away to see what's going to happen here. thank you. >>> one of the most staunchly conservative members of the u.s. senate calling it quits. senator jim diment announced he will resign from congress at the end of the month. he is leaving to take over the think tank the heritage foundation. he says he
-- have such a forceful impact on the economy. that is a political decision more than it's an economic discussion right now. >> peter, i'm going to give you the last word. >> it's really a political issue. this is not the right time to be cutting. maybe another six months. however, the president sees this as an opportunity to get the cuts in ways that he likes best because he won the election. fair enough. so the president sees a political opportunity. i think there's some danger...
352
352
Dec 3, 2012
12/12
by
CNNW
tv
eye 352
favorite 0
quote 0
last quarter, profits made up 11% of the economy. and that number has been rising over the past decade. now, on the right side, you see wages as a percentage of gdp. that number has been falling. and last quarter, it hit a record low. now, brooke. part of this is because some higher paying jobs have gone overseas. and it is also because the labor market hasn't bounced back from the recession like other parts of the economy have, take for instance housing. brooke? >> those graphs really tell the story clearly. and i want to ask you about something else, maribel, while i have you. we're used to hearing about trouble when it comes to your traditional newspapers, sadly. but now we're hearing about an online paper that targeted the cutting edge tablet user crowd, that's going away. tell me about that? >> that's right, brooke. it seems digital road is apparently not paved in gold. news corp. is folding the daily. it made a big splash last year when unveiled because it was only for the ipad. this is ironic because in this day and age you th
last quarter, profits made up 11% of the economy. and that number has been rising over the past decade. now, on the right side, you see wages as a percentage of gdp. that number has been falling. and last quarter, it hit a record low. now, brooke. part of this is because some higher paying jobs have gone overseas. and it is also because the labor market hasn't bounced back from the recession like other parts of the economy have, take for instance housing. brooke? >> those graphs really...
506
506
Dec 4, 2012
12/12
by
CNNW
tv
eye 506
favorite 0
quote 1
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ have led to an increase intands clinical depression. drug and alcohol abuse is up. and those dealing with grief don't have access to the professional help they need. when you see these issues, do you want to walk away or step up? with a degree in the field of counseling or psychology from capella university, you'll have the knowledge to make a difference in the lives of others. let's get started at capella.edu >>> good morning and thank you for being with us today. i'm carol costello. it's just about 30 minutes past the hour. time to take a look at our top stories. >>> didn't take long for the u.s. to respond to iran's claim it captured one of our drones. a defense official saying all navy drones are accounted for in the region. iran is showing the drone on state tv with the words we shall trample on the united states. >>> a federal judge blocks a california law banning the use of conversion therapy. his ruling provides to
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ have led to an increase intands clinical depression. drug and alcohol abuse is up. and those dealing with grief don't have access to the professional help they need. when you see these issues, do you want to walk away or step up? with a degree in the field of counseling or psychology from capella university, you'll have the knowledge to make a difference in the lives of...
282
282
Nov 30, 2012
11/12
by
CNNW
tv
eye 282
favorite 0
quote 1
we think it's better for the economy. pure and simple. secondly, the american people expect us to find common ground, to work together and to resolve this. frankly, sooner is better than later. >> you've been doing this for a long time and had many high-profile negotiation that is you've ended successfully. can you be candid here about where we are right now. the past 24 hours is this the necessary public posturing that needs to go on to get an ending, or is there a serious stalemate right now? >> there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. if you've watched me over the last three weeks, i've been very guarded in what i have to say because i don't want to make it harder for me or the president or members of both parties to be able to find common ground, but when i come out the day after the election, and make it clear that republicans will put revenue on the table, i took a great risk, and then the white house spends three weeks trying to develop a prepolicy and they send one up here that call
we think it's better for the economy. pure and simple. secondly, the american people expect us to find common ground, to work together and to resolve this. frankly, sooner is better than later. >> you've been doing this for a long time and had many high-profile negotiation that is you've ended successfully. can you be candid here about where we are right now. the past 24 hours is this the necessary public posturing that needs to go on to get an ending, or is there a serious stalemate...
268
268
Nov 29, 2012
11/12
by
CNNW
tv
eye 268
favorite 0
quote 1
it's been a roller coaster for this economy. but if you go by what the government is telling us, things should be looking up but everyone including ecri agree that going over the fiscal cliff would make things worse and brings me to the next topic. sequestration. a stupid name for a stupid thing. more then a year ago, both the president and congress made a deal with the devil after both parties felt no shame in taking america to the brink over raising the debt ceiling. so-called compromise back then was that if not negotiate a debt reduction deal, cuts happen across the board. this is not the whole fiscal cliff but just the sequester. $1.2 trillion of mandatory spending cuts over ten years and scheduled for january 2nd. half of that money cut in defense. half in everything else. next year alone could take $65 billion out of spending and a million jobs versus growing 2 million which is what the u.s. is on track to do now. i fully understand the government needs to spend less and spend more efficiently but how you achieve it is as
it's been a roller coaster for this economy. but if you go by what the government is telling us, things should be looking up but everyone including ecri agree that going over the fiscal cliff would make things worse and brings me to the next topic. sequestration. a stupid name for a stupid thing. more then a year ago, both the president and congress made a deal with the devil after both parties felt no shame in taking america to the brink over raising the debt ceiling. so-called compromise back...
1,330
1.3K
Nov 28, 2012
11/12
by
CNNW
tv
eye 1,330
favorite 0
quote 0
and if we get this wrong, the economy is going to go south. it's going to be much more difficult for us to balance our budgets and deal with our deficits because if the economy's not strong, that means more money's going out and things like unemployment insurance and less money is coming in in terms of tax receipts and it just actually makes our deficit worse. so we really need to get this right. i can only do it with the help of the american people. so tweet -- what was that again? my2k or e-mail, post it on a member of congress' facebook wall. do what it takes to communicate a sense of urgency. we don't have a lot of time. we have a few weeks to get this done. we could get it done tomorrow. now, optimistically i don't think we're going to get it done tomorrow. but i tell you, if everybody here goes out of their way to make their voices heard and spread the word to your friends and family and co-workers and neighbs, i am confident that we will get it done and we will put america on the right track, not just for next year but for many years to
and if we get this wrong, the economy is going to go south. it's going to be much more difficult for us to balance our budgets and deal with our deficits because if the economy's not strong, that means more money's going out and things like unemployment insurance and less money is coming in in terms of tax receipts and it just actually makes our deficit worse. so we really need to get this right. i can only do it with the help of the american people. so tweet -- what was that again? my2k or...
134
134
Dec 2, 2012
12/12
by
CNNW
tv
eye 134
favorite 0
quote 0
the american economy is on the line. and this is a moment for adult leadership. campaign-style rallies and leaks in the press are not the way to get things done here in washington. >> all right. susan, you're looking at the monitor and looking at his body language. what is it telling you? >> well, he's an intense guy to begin with. but when he's emphasizing a point, you see his eyebrows flash up, a quick little flash. it's a micro-expression. after that. you see his eyebrows pull together in frustration and anger. not that he's angry. it's more of a frustration -- kind of the beginning stages of it. so his emotions kind of fluctuate throughout his entire conversation. he kind of looks over his eyebrows a lot. he's a very intense guy. but when he's really making a point, he'll flash his eyebrows to let you know what points are very important to him. >> so let's go to photos of obama and boehner from the first and only face-to-face meeting on fiscal cliff talks since the election. start with boehner, raising his eyebrow, what does that tell you? >> he's got a criti
the american economy is on the line. and this is a moment for adult leadership. campaign-style rallies and leaks in the press are not the way to get things done here in washington. >> all right. susan, you're looking at the monitor and looking at his body language. what is it telling you? >> well, he's an intense guy to begin with. but when he's emphasizing a point, you see his eyebrows flash up, a quick little flash. it's a micro-expression. after that. you see his eyebrows pull...
325
325
Dec 5, 2012
12/12
by
CNNW
tv
eye 325
favorite 0
quote 0
bush is out renewing the call for immigration reform. >> not only do immigrants help build our economy, they invigorate our soul. i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. [ male announcer ] the bankamericard cash rewards card. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps def
bush is out renewing the call for immigration reform. >> not only do immigrants help build our economy, they invigorate our soul. i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card....
245
245
Nov 28, 2012
11/12
by
CNNW
tv
eye 245
favorite 0
quote 0
in going over the fiscal cliff it will hurt the economy and hurt job creation in our country. republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. it's one reason why we believe that we put revenue on the table as long as it's accompanied by serious spending cuts to avert this crisis. we believe that this fits the president's request for a balanced approach to this issue. we're going to continue to work with the president to try to resolve this in a way that is fair for the american people. we all know that we've had this spending crisis coming at us like a freight train. and it has to be dealt with. and in order to try to come to an agreement, republicans are willing to put revenue on the table but it's time for the president and democrats to get serious about the spending problems that our country has. but i'm going optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> good morning. you know, i was heartened to see that last week the president's chief p
in going over the fiscal cliff it will hurt the economy and hurt job creation in our country. republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. it's one reason why we believe that we put revenue on the table as long as it's accompanied by serious spending cuts to avert this crisis. we believe that this fits the president's request for a balanced approach to this issue. we're going to continue to work with the...
462
462
Dec 3, 2012
12/12
by
CNNW
tv
eye 462
favorite 0
quote 0
i do agree with you there. >> not tax increases that hurt the economy. that's my only point. you thought we had an agreement there, didn't you? >> i did. we were close. stephen moore, thank you so much for joining us this morning. >> my pleasure. take care. >>> of the many unanswered questions about the jovan belcher murder/suicide tragedy, our talk back question today, should the perkins/belcher tragedy cause us to rethink gun control? is bob costas right? facebook.com/carolcnn. i'll be right back. there's a health company that can help you stay that way. what's healthier than that? and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone. [ candidate ] and thanks to every young face i see out there. [ woman ] his phone is one of his biggest supporters. [ female announcer ] with cisco at the center... working together
i do agree with you there. >> not tax increases that hurt the economy. that's my only point. you thought we had an agreement there, didn't you? >> i did. we were close. stephen moore, thank you so much for joining us this morning. >> my pleasure. take care. >>> of the many unanswered questions about the jovan belcher murder/suicide tragedy, our talk back question today, should the perkins/belcher tragedy cause us to rethink gun control? is bob costas right?...
518
518
Dec 5, 2012
12/12
by
CNNW
tv
eye 518
favorite 0
quote 0
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. >>> 45 minutes past the hour, checking our top stories now. a typhoon blamed for the deaths of at least 274 people in the philippines. it destroyed close to 3,000 homes. it's moving offshore after leaving washed out roads, downed power lines and other damage. >>> citigroup plans to cut 11,000 jobs world wide including positions at 44 positions here in the united states. the cuts are part of a plan to reduce expenses. we don't know when the layoffs will begin. >>> a
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're...
1,154
1.2K
Nov 30, 2012
11/12
by
CNNW
tv
eye 1,154
favorite 0
quote 0
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ ♪ [ male announcer ] you've been years in the making. and there are many years ahead. join the millions of members who've chosen an aarp medicare supplement insurance plan insured by unitedhealthcare insurance company. go long. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. >>> well, he's a heartbeat away from the presidency, but every now and, again, you know the vice president's got to get out of the office for a little bit and joe biden went to the grand opening of costco's first store in the nation's capital, pro
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ ♪ [ male announcer ] you've been years in the making. and there are many years ahead. join the millions of members who've chosen an aarp medicare supplement insurance plan insured by unitedhealthcare insurance company. go long. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on...
251
251
Dec 4, 2012
12/12
by
CNNW
tv
eye 251
favorite 0
quote 0
the doom and gloom of the fiscal cliff hides an important point about our economy. we play our cards right, america could be headed for another economic renaissance. short-term indicators are looking good. jobs are being created, consumer debt is shrinking. the housing market is making a comeback. forget silver linings, housing has been the golden lining around the economic cloud hanging over the country. mortgage rates are expected to stay low through 2014. home affordability is as good as it it's been in generations. that's going to attract buyers who spent the last few years waiting for prices to bottom out. that's going to help millions of homeowners who currently owe more on their homes than the home is worth. the home prices rising, confidence will return. and longer term prospects also have some real hope in america. we're in the midst of a domestic energy boom that will fuel growth for years to come. advances in horizontal drilling and hydraulic fracturing, you've heard it as fracking, have changed the economics of natural gas recovery. that sent prices way
the doom and gloom of the fiscal cliff hides an important point about our economy. we play our cards right, america could be headed for another economic renaissance. short-term indicators are looking good. jobs are being created, consumer debt is shrinking. the housing market is making a comeback. forget silver linings, housing has been the golden lining around the economic cloud hanging over the country. mortgage rates are expected to stay low through 2014. home affordability is as good as it...
318
318
Nov 30, 2012
11/12
by
CNNW
tv
eye 318
favorite 0
quote 0
is not good for the economy. so to put a tax rise, a tax rate increase for the middle class makes no sense to me. someone who makes 50, 60, $70,000 a year will lose and will take away a lot of discretionary purchases from people like me and travel and a whole host of other areas. i hope our leaders in washington are listening and they take the steps necessary to get to a compromise before the end of the year. >> very quickly, very simply, optimistic or pessimistic? >> i'm optimistic, 1,000% confident they'll get this solved by the end of the year. >> thank you, michael. appreciate it. >> thank you. >>> so what was meant to be a discussion on recovery efforts in the wake of superstorm standee erupted into tears and outbursts of anger. it was standing room only at the town hall meeting on staten island as people who lost everything begged for help from fema. wabc's carol lee was there. >> reporter: more than 700 people packed the auditorium for a town hall meeting for superstorm sandy victims on staten island. ther
is not good for the economy. so to put a tax rise, a tax rate increase for the middle class makes no sense to me. someone who makes 50, 60, $70,000 a year will lose and will take away a lot of discretionary purchases from people like me and travel and a whole host of other areas. i hope our leaders in washington are listening and they take the steps necessary to get to a compromise before the end of the year. >> very quickly, very simply, optimistic or pessimistic? >> i'm...
354
354
Dec 5, 2012
12/12
by
CNNW
tv
eye 354
favorite 0
quote 0
burns from the simpsons. >> think of the economy as a car and the rich man is the driver. if you don't give the driver all the money, he'll drive you over a cliff. it is just -- >> what actually will happen if america does head toward that fiscal cliff? and go over it even temporarily? cnn money's jean zahadi has been on this story from the very beginning. here is the question at hand. a lot of people are saying, what happens if we don't get a deal right by the end of december and we get into early january, maybe go over the cliff for a week or two? is that catastrophic? >> it doesn't have to be. there are steps the government can take to mitigate the impact of the spending cuts and the tax increases. but legislative and budget experts i talked to say that really assumes a lot of things. one, that congress will act quickly, which can it do if it wants to, but, you know, can they cut a deal in january that they couldn't cut in december? that's one question. january tends to be a slow legislative month, a lot of new members are getting acclimated. and frankly, you know, peop
burns from the simpsons. >> think of the economy as a car and the rich man is the driver. if you don't give the driver all the money, he'll drive you over a cliff. it is just -- >> what actually will happen if america does head toward that fiscal cliff? and go over it even temporarily? cnn money's jean zahadi has been on this story from the very beginning. here is the question at hand. a lot of people are saying, what happens if we don't get a deal right by the end of december and...
64
64
tv
eye 64
favorite 0
quote 0
when americans spend, carol, the economy grows. that ends up translating to investors as being more confident. confident enough to buy into the market. since most 401(k)s closely track the s&p 500, this 10% to 15% rise cohen is expecting would be great for your retirement savings. if you start the year with, say, $30,000 and the index gains 15%, you're looking at almost $5,000 in gains. so it probably won't surprise you that the fiscal cliff, though, is a concern. but, you know what, cohen says even if the market is shaky at the start of 2013, the gains the second half of the year will make up for it. carol? >> that's a pretty rosie outlook. there must be a counter argument. all the other -- i hear such dire things. >> of course. you know, there are other big financials that release their outlooks, too, carol. most are generally positive, though. there are some pessimists out there. wells fargo strategists expects stocks to decline next year and points to slowing growth and uncertainty about the economy. expects just a modest gain
when americans spend, carol, the economy grows. that ends up translating to investors as being more confident. confident enough to buy into the market. since most 401(k)s closely track the s&p 500, this 10% to 15% rise cohen is expecting would be great for your retirement savings. if you start the year with, say, $30,000 and the index gains 15%, you're looking at almost $5,000 in gains. so it probably won't surprise you that the fiscal cliff, though, is a concern. but, you know what, cohen...
259
259
Dec 6, 2012
12/12
by
CNNW
tv
eye 259
favorite 0
quote 0
an i buss in the plants and here's an opportunity to give back, you know, something to the american economy. the way you look at things is, you know, the company is going to be spending $100 million in terms of bringing back jobs to the u.s. some may say $100 million, you know, is not a lot of money considering that apple has more than $100 billion in the bank. but i think this is a positive sign in terms of how many workers we're talking about here -- >> how many jobs? >> reporter: we don't know precisely or the skills necessary. it's a great question. probably in the thousands of jobs. remember, this is one existing mac line. this is not the iphone or ipad. one line but probably in the thousands, brooke. >> in the thousands. and so, apple chock eed up the one-day stock drop. do you think the shift, has to be a profitable move for apple hopefully. >> reporter: well, you know, there are two ways of looking at it. you are using cheap labor in china. not going to have that in the united states and also you're talking about adding infrastructure costs. how that might impact the bottom line, yo
an i buss in the plants and here's an opportunity to give back, you know, something to the american economy. the way you look at things is, you know, the company is going to be spending $100 million in terms of bringing back jobs to the u.s. some may say $100 million, you know, is not a lot of money considering that apple has more than $100 billion in the bank. but i think this is a positive sign in terms of how many workers we're talking about here -- >> how many jobs? >> reporter:...
169
169
Dec 1, 2012
12/12
by
CNNW
tv
eye 169
favorite 0
quote 0
disastrous thelma and louise idea, that will put us in jeopardy, for small business and other parts of the economy. >> they agreed that tax cuts should be renewed for everybody making less than $250,000 a year. but democrats want the tax cuts for the very wealthy to expire. >>> and reigniting the trayvon martin debate, and whether the famous "stand your ground law" should be out lawed. and may havs where bacteria can multiply. polident is designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends dece
disastrous thelma and louise idea, that will put us in jeopardy, for small business and other parts of the economy. >> they agreed that tax cuts should be renewed for everybody making less than $250,000 a year. but democrats want the tax cuts for the very wealthy to expire. >>> and reigniting the trayvon martin debate, and whether the famous "stand your ground law" should be out lawed. and may havs where bacteria can multiply. polident is designed to clean dentures...
192
192
Dec 3, 2012
12/12
by
CNNW
tv
eye 192
favorite 0
quote 0
the fact is if there's another way to get revenue from upper income americans that doesn't hurt our economy, then would wouldn't he consider it? >> reporter: that's are publicly unchanged position was a deadline that's set. whether political theater or political reality, there's more mention going over the fiscal cliff could go beyond hypothetical. >> there's clearly a chance. >> i think we're going over the cliff. it's pretty clear to me they've made a political calculation. >> if they are going to force higher rates on virtually all americans because they're unwilling to let tax rates go up on 2% of americans, then, you know, that's the choice they're going to have to make. >> emily joins us live from washington. emily, the zinger sound bites, they're all piling up. what is the actual strategy behind all this political theater? what are you hearing from the republicans and from the democrats? >> reporter: you know, less than a month out now from going over the fiscal cliff. even talk about political strategy sounds an awful lot like posturing. we heard it from secretary geithner who said
the fact is if there's another way to get revenue from upper income americans that doesn't hurt our economy, then would wouldn't he consider it? >> reporter: that's are publicly unchanged position was a deadline that's set. whether political theater or political reality, there's more mention going over the fiscal cliff could go beyond hypothetical. >> there's clearly a chance. >> i think we're going over the cliff. it's pretty clear to me they've made a political calculation....
294
294
Dec 4, 2012
12/12
by
CNNW
tv
eye 294
favorite 0
quote 0
and it is costing this economy in the united states up to a billion dollars a day. that's a lot of money. it's a lot of frustration. you know what? i'm sure the strikers aren't enjoying what they're doing either. the international long shore and warehouse union, represents 800 clerks are saying employers are trying to outsource union jobs. the group representing management says it's not true. we haven't heard a lot about progress in the talks up until now. but, and that's a big but, the mayor of los angeles has decided it's time to get involved and here's what he had to say about it. >> we have met all night. we have worked across the table with a number of proposals. it is still clear to me that some bit apart but progress has been made. but what i'm here to announce is that both parties have agreed to federal mediation and a federal mediator. >> miguel marquez live for us on this story. that's a development, mig. that's pretty good news. is everybody hearing it so far there? >> reporter: it's news. i don't know how good the news is. there is a lot of discussion th
and it is costing this economy in the united states up to a billion dollars a day. that's a lot of money. it's a lot of frustration. you know what? i'm sure the strikers aren't enjoying what they're doing either. the international long shore and warehouse union, represents 800 clerks are saying employers are trying to outsource union jobs. the group representing management says it's not true. we haven't heard a lot about progress in the talks up until now. but, and that's a big but, the mayor...
141
141
Dec 2, 2012
12/12
by
CNNW
tv
eye 141
favorite 0
quote 0
people coming in and many of the old people still there are not economists, they are not experts on the economy. they are not experts on the fiscal cliff. if you speak to those who know, they will tell you it is a bad thing to go over that cliff. and still you're saying maybe we should do it. what is -- what's the sense of doing that? >> we have had 17 debt and deficit commissions since 1982 and listened to the experts every time. the national debt went from $1 trillion to $16 trillion. congress does not cut spending. they have been saying for a long time we need a balanced approach. the experts say we need a balanced approach. the so-called fiscal cliff is the most valid approach out of congress and now they don't want to do it. >> what happens if we do go over this cliff, aaron? our credit rating, what it means for those incentives and for the cuts that kick in automatically, what does this mean for us because it is not good by any means. >> see, it is a cliff -- >> you think it's a false deadline. >> i absolutely do. i think that suddenly markets will not crash, the bottom will not fall out.
people coming in and many of the old people still there are not economists, they are not experts on the economy. they are not experts on the fiscal cliff. if you speak to those who know, they will tell you it is a bad thing to go over that cliff. and still you're saying maybe we should do it. what is -- what's the sense of doing that? >> we have had 17 debt and deficit commissions since 1982 and listened to the experts every time. the national debt went from $1 trillion to $16 trillion....
190
190
Dec 6, 2012
12/12
by
CNNW
tv
eye 190
favorite 0
quote 0
economy. >> can you get the backlog up and running? will the store shelves be filled up again and will back orders be filled? >> it will take five or six days to do that and then we got to work around the clock to get the goods to people to make sure that santa has all of the presence under the tree and hanukkah is being celebrated. >> okay. so next question. this has to do with pot. we opened the show with the issue of pot. it is an issue that your state knows intimately with medical marijuana be legalized. you have a complex relationship with that legalization. i don't want to get into your local issues. i want to get into your issues with the fed. so many people don't understand how these federal laws that continue to ban marijuana sale, use, trafficking, et cetera, will reconcile with state laws that are allowing it. have you had complex conversation with eric holder and the feds on backing off and allowing states to do their things? >> no, i haven't. i believe that the governor has but we've had our own problems locally because ou
economy. >> can you get the backlog up and running? will the store shelves be filled up again and will back orders be filled? >> it will take five or six days to do that and then we got to work around the clock to get the goods to people to make sure that santa has all of the presence under the tree and hanukkah is being celebrated. >> okay. so next question. this has to do with pot. we opened the show with the issue of pot. it is an issue that your state knows intimately with...
208
208
Dec 1, 2012
12/12
by
CNNW
tv
eye 208
favorite 0
quote 0
. >>> in a tough economy, it is easy to rely on credit cards. we all do it. but that reliance can cause problems. we'll tell you how you can climb out of debt and, yes, cut up the cards. but first, you can now bring more items through airport security. it might be worth it. we have details on this "on the go." >> the tsa is anouzing new guidelines on what can you bring on the plane this holiday season. small snow globes and even cakes and pies can now go through security. >> there are certain things the tsa won't allow you to bring on the plane. for instance, toys that look like weapons. certain types of food. any foods that are liquid or semiliquid. it's guy idea to go to tsa.gov and look at what can and cannot be allowed. >> can you take wrapped gifts. >> the tsa officials might unwrap the gifts during security inspection. the gifts are less likely to get unwrapped if they're in the checked luggage. >> if gifts make your suitcase too heavy, it may be cheaper to ship them instead of paying the additional fees. >> a good way to avoid the cost and hassels of e
. >>> in a tough economy, it is easy to rely on credit cards. we all do it. but that reliance can cause problems. we'll tell you how you can climb out of debt and, yes, cut up the cards. but first, you can now bring more items through airport security. it might be worth it. we have details on this "on the go." >> the tsa is anouzing new guidelines on what can you bring on the plane this holiday season. small snow globes and even cakes and pies can now go through...
255
255
Dec 3, 2012
12/12
by
CNNW
tv
eye 255
favorite 0
quote 0
. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. >>> security software pioneer john mcafee is on the run. police in belize want to talk with him about the suspicious murder of his neighbor that happened three weeks ago but mr. mcafee is nowhere to be found. or so we thought. >> reporter: the search to find john mcafee began right here at the airport not long after i landed and three words. sorry i'm late. a code word to let me know i met the person to take me to mcafee. who follow eed was a long drive and then we get in to a parking lot and get in to another vehicle an drive off again. this time with switchbacks, u-turns and back alleys. it was clearly meant to confuse and anyone following. and then there we were. face to face. observation number one. with john mckay fee, there is no such thing as a simple answer. you are john mcafee? >> i think so, yes.
. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. >>> security software pioneer john mcafee is on the run. police in belize want to talk with him about the suspicious murder of his neighbor that happened three weeks ago but mr. mcafee is nowhere to be found. or...
2,965
3.0K
Dec 3, 2012
12/12
by
CNNW
tv
eye 2,965
favorite 0
quote 1
to the financial pressures caused by a whole bunch of things, ranging from the internet to a tough economy. now, this is kind of a blip compared to what some newspapers, including my former paper "the washington post" have gone through, cutting hundreds and thousands of employees through buy-outs and layoffs, other methods of trimming the payroll. 30 voluntary buy-outs is nott that much. given the time to keeping that news rm big, it shows that even if you are in new york and you are a big national newspaper, you cannot be immune to the tough times facing the print business right now. >> hey, howie, thank you. love your show. >> thank you so much. talk to you again. >> howie kurtz joining us live on a number of topics. >>> also, secretary of state hillary clinton has a message, and it's for syria. use chemical weapons against your own people, and the united states will take action. what does that mean? we'll talk about it. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive iss
to the financial pressures caused by a whole bunch of things, ranging from the internet to a tough economy. now, this is kind of a blip compared to what some newspapers, including my former paper "the washington post" have gone through, cutting hundreds and thousands of employees through buy-outs and layoffs, other methods of trimming the payroll. 30 voluntary buy-outs is nott that much. given the time to keeping that news rm big, it shows that even if you are in new york and you are...
353
353
Dec 1, 2012
12/12
by
CNNW
tv
eye 353
favorite 0
quote 0
the economy goes back into recession. it's almost as if they can't strike a deal before you get to the very end, which is understandable. the problem is when you play this game, you can make a terrible mistake, and you know, they're gambling with the whole country here right now. >> house speaker john boehner said friday the white house proposal which begins basically with having $1.6 trillion tax increase among other things was essentially a nonstarter. take a listen. >> there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. you've watched me over the last three weeks. i have been guarded in what i have to say because i don't want to make it harder for me or the president or members of both parties to be able to find common ground. >> all right, so common ground. the white house is focused on having high earners, the rich, pay higher taxes and get fewing deductions. if that happens, the middle class comes out ahead. so why is there so much push-back by the republicans? >> the proposal t
the economy goes back into recession. it's almost as if they can't strike a deal before you get to the very end, which is understandable. the problem is when you play this game, you can make a terrible mistake, and you know, they're gambling with the whole country here right now. >> house speaker john boehner said friday the white house proposal which begins basically with having $1.6 trillion tax increase among other things was essentially a nonstarter. take a listen. >> there's a...